Cyril Amarchand Mangaldas Mumbai capital markets partner Nikhil Naredi, who had joined in 2015 from Jones Day in Singapore, where he was an associate, is set to leave the firm.

It is understood that he is leaving for personal reasons.

Managing partner Cyril Shroff confirmed his impending departure and said that Naredi would be on gardening leave until October.

We have reached out to Naredi for comment.

Naredi is a 2004 NLSIU Bangalore graduate and holds a 2012 LLM from Columbia Law School.

He had begun his career at erstwhile Amarchand Mangaldas, moving to Jones Day in 2009.

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1
Like +10 Object -2 Guest 08 Jun 17, 18:57  interesting
First comment! Heard there are some other considerations behind his departure, [...]
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1.1
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Like +10 Object -11 Merchant banker 08 Jun 17, 19:30  controversial
Other considerations being personal reasons. No body have a reason to pry any further
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1.2
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Like +7 Object -6 ex-mpo 09 Jun 17, 12:57  controversial
what rumors considerations are being talked about??! NN is a terrific lawyer, personal life should never be discusssed in public domain, Omerta Code! please let him get on with life and family.
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1.2.1
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Like +1 Object -2 Ha. 09 Jun 17, 14:18
Hahahah. There is a reason you are ex! Primarily because you are clueless.
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1.3
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Like +4 Object -1 Too much! 09 Jun 17, 13:47
No one important enough to be covered by LI can now ever have a 'life'!

Office mein kaam karo, aur bas ghar jao...
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2
Like +9 Object -5 Merchant banker 08 Jun 17, 18:58  controversial
Where is he headed. Seems like you forgot to cover that.
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3
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Like +7 Object -15 Guest 08 Jun 17, 18:58  controversial
Which I hope are all rubbish. Best of luck to him. Loss for CAM.
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3.1
Like +9 Object -3 Sad State 08 Jun 17, 20:24  interesting
Rumours are true! Short sightedness!
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3.1.1
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Like +1 Object -0 QIP 08 Jun 17, 23:08
but what
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3.2
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Like +10 Object -11 Guest1 09 Jun 17, 16:05  controversial
A single partner leaving is not a loss any law firm. Shuva leaving AZB and then SAM was not a loss for either, Nisha leaving CAM and then AZB was not a loss for either, Bhakta leaving S&R was not a loss for them. If one person moving starts to be a loss for a law firm, it never deserved a seat at the tier-1 table to begin with. Anyways, with years in ILC wilderness during which time the entire legal and regulatory framework in India has undergone a massive change, the "ghar wapsi" brigade are just paper tigers till they take time to put their heads down and work. That takes more time than just a couple of years of focussed hard work. Writing creative essays (i.e. rehashed Business sections) does not make anyone a great securities lawyer.

NN is a fine lawyer and will do well wherever he ends up. Unnecessary swipes at him and spreading rumours is not what lawyers should be doing. Don't forget we are LAWYERS, not POITICIANS.
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3.2.2
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Like +4 Object -7 Guest1.1 10 Jun 17, 01:19
Ashwath leaving CAM was no loss either. Shishir has stepped intohis shoes and Reeba is as good a lawyer and nicer to boot.
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3.2.2.1
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Like +1 Object -12 Yess! 10 Jun 17, 03:49
Totally agree, Shishir has taken over the real estate practice and retained all off the clients..only the M&A and PE work might have moved with ashwat.. which was anyways not the most lucrative. Big cclients have all stayed with them...despite losing entire teams, cam has managed to retain the best real estate clients from movin

Sishir is the next css and Rishabh. Very good with reaearch, partners now rarely focus on that
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3.2.2.1...
Like +5 Object -0 Guest1 11 Jun 17, 02:33  interesting
Good attempt at sarcasm. Failed miserably. The drafting of your comment suggests that it has been typed in fury and haste. I used to do the same, but experience and seniors taught me how much damage that can do.

Anyways, the point is that an individual does not matter to any professional organisation. Doomsayers here predicted that CAM would collapse after Ashwath's departure. Yes, there would have been loss of business but that's part of the game. CAM done too badly after Ashwath's departure if you check the facts, including in M&A. All independent and publicly available data.

And before you question any lawyer's competence, please speak to people who have worked with them. I might be wrong, but I don't think any client or even the lawyers working on the other side would question Shishir's professional competence. He is accurately acknowledged as a star. You would know, if you ever had the opportunity to work with or for him.
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4
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Like +4 Object -3 IPO 08 Jun 17, 19:29
all v mysterious
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5
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Like +6 Object -8 The Unfortunate Garden 08 Jun 17, 20:00  controversial
There we go again! CAM and gardening leave never the twain shall part!
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5.1
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Like +0 Object -0 Guest1 11 Jun 17, 02:35
Absence of gardening leave if a partner departs is most unfair for the associates and even clients. Think about it.
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Like +5 Object -6 AMSS 08 Jun 17, 20:51  controversial
Cam is loosing good folks. What is happening? I am scared too....
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6.1
Like +24 Object -1 Losing 08 Jun 17, 23:46  interesting  top rated
Losing
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Like +4 Object -5 what number 09 Jun 17, 13:04
how many cam partner exits in the last year now? NN was a brilliant securities lawyer

Kian; do you have a count?
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7
Like +13 Object -3 Terrace 08 Jun 17, 21:04  interesting
Is this the first case of 'gardening' even when leaving for personal reasons?
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7.1
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Like +2 Object -3 Ms. Mary 09 Jun 17, 13:06
when senior partners leave there are no personal reasons, will join competition, so gardening contractually justified. Every CAM retainer has pages on this
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8
Like +15 Object -4 True 08 Jun 17, 21:27  interesting
The rumours are not rubbish. It's all very unfortunate.
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8.1
Like +5 Object -1 Huh? 09 Jun 17, 00:11
What happened? Why is NN leaving?
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8.1.1
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Like +1 Object -2 details? 09 Jun 17, 13:02
can anyone from CAM please give more details? ... what this mystery all about?!!
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8.1.1.1
Like +6 Object -2 kianganz 09 Jun 17, 13:17
We won't be publishing any details at this time.

Suffice it to say, I believe it's quite complicated but a personal matter at the end of the day from how I understand the situation and it would be inappropriate to dissect all the details in the comments.

I know inevitably this will trigger some conspiracy theories, but if anyone wants to discuss directly, please feel free to message me directly by phone or email and I'll be happy to explain our decision in more detail.
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8.1.1.1...
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Like +4 Object -4 Kudos 09 Jun 17, 13:47
Kian - absolutely the right approach to follow. Whatever the reasons may be, if the firm itself has said they are personal, I don't see how they are anyone else's business in any manner. From what I've heard, this must be a fairly traumatic time for all concerned - would be best if everyone just left them alone to move on with their lives. We all heard what supposedly happened with Kirtee (god rest his soul). Maybe people should think about possible consequences of their words before writing any old rubbish that comes into their minds or trying to push unnecessary details out into the public (whether they are accurate or not).
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Like +4 Object -2 What? 10 Jun 17, 13:30
If there are actual personal reasons (family related, etc.), and you don't disclose, that makes perfect sense.

if the "personal" reasons relate to conduct in office, you probably should reveal these. [...]
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9
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Like +1 Object -7 Friend and Competitor 08 Jun 17, 23:18
It's really sad that the comments on personal life are being published. KIAN: please remove all comments which are talking of rumours etc. [...]
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9.1
Like +8 Object -0 kianganz 08 Jun 17, 23:22  interesting
We're expressly not publishing any comments with details of the rumour. But we can't really censor comments that are merely saying that there's a rumour...
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9.1.1
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Like +4 Object -7 Friend and Competitor 09 Jun 17, 07:25
Hi Kian: while I respect your position on this matter as a journalist and appreciate that you may not have published other rumours after due diligence, I would still like to appeal you to delete all comments talking about rumours. I think they have been made by people who are either malicious or who don't know the effect of their actions. Not a proud day for our community.

I believe you when you say you are not under pressure from law firms. The request is to rise above the technically correct position and be considerate. That's all.
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10
Like +7 Object -1 Vishaka 09 Jun 17, 00:06  interesting
Then Kian you should publish this comment too. In the legal world, there have been two rumours in the last six months which everyone still talks about. Each rumour involves an [...]. And both rumours are no longer the worlds best kept secret but LI will censor and BB wont dare even raise!
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10.1
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Like +3 Object -2 kianganz 09 Jun 17, 00:15
Well, one of the rumours you are referring to we actually did a lot of due diligence on and spent a lot of time looking into. No pressure was exerted on us by the firm in question and I think there was a lot of transparency from the people involved I spoke to, and I honestly don't think it's a story that should be published considering what's involved.

I know that won't necessarily convince conspiracy theorists, but if you wish, I'm happy to discuss this privately on WhatsApp or Telegram on my number if you'd like more information or have any information beyond what I have.
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10.2
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Like +2 Object -2 kianganz 09 Jun 17, 15:33
FYI, a further update regarding the second rumour you're talking about.

I spoke to the person concerned who's confirmed that there are no outstanding issues, and whatever issues they had were resolved "very satisfactorily" by the firm.

You'll note my language on all counts is intentionally very vague here for a number of good reasons, but all I can do is let you know in good faith that I believe we've looked into it in sufficient detail.
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11
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Like +3 Object -4 Archiesz 09 Jun 17, 07:59
No we wish him well? Cyril needs to learn from Zia on how to handle exits and win goodwill.
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11.1
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Like +2 Object -1 Guest1 11 Jun 17, 02:38
Are you privy to the conversation between Cyril and Nikhil? Or are you Modiasta, believe in lots of sound bytes for press coverage, even if they are just empty words.
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12
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Like +2 Object -7 CAMCAM 09 Jun 17, 12:17
Gardening leave!!! What is wrong with CAM. So insecure that he will move to AZB or SAM. NN is a great guy and lawyer. Loss for CAM
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12.1
Like +8 Object -2 What the hell 09 Jun 17, 14:17  interesting
Don't think anybody here has any clue about what happened. No wonder it's become about CAM, insecurity etc. And such comments Kian has no qualms in publishing! Wonder how this is explained as being unbiased "reporting" even if we can call this that.
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12.1.1
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Like +3 Object -1 Mr. Arrseel 09 Jun 17, 15:33
Alas! yes agree.., everyone is clueless ....Only if Kian let's people post details of what happened...why create so much suspense?!
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12.1.1.1
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Like +3 Object -2 kianganz 09 Jun 17, 15:37
Sorry, but there's gossip and then there's gossip, and this is the latter kind - you're really not missing much, the rumours are not that exciting. People are entitled to lead private lives and to have personal reasons, and not everything is professional or needs to be in the public domain.

If the facts in respect of this story change or I or others learn new information, I'll let you know :)
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13
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Like +1 Object -4 Sangeet Practice 09 Jun 17, 12:53
Did he participate?? only the original crew is left behind , others are leaving or left..
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13.1
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Like +1 Object -1 grow up! 09 Jun 17, 15:39
There are no more practices as no more marriages left..!. Nikhil was not at CAM at the time of practise, his departure has no connection to participating in sangeet practice....you must have been overlooked for practice!

in any case now everyone has left from the original crew
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13.1.1
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Like +0 Object -0 Confused_2.0 15 Jun 17, 18:49
?
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14
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Like +2 Object -18 Good lawyer 09 Jun 17, 13:39
There are only a handful capital mkts lawyers in India of NN's stature. Big loss for cam whatever the reason. Could have been handled so much beter and with maturity. Office dramas help no one

He will be lapped up in no time by rivals, gardening justified. After cyril yash, rajat and bhakta, Nikhil is the senor most cap mkts lawyer in the countey
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14.1
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Like +8 Object -7 KYC 09 Jun 17, 14:23  controversial
Sandip Bhagat?
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15
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Like +2 Object -9 Guest 09 Jun 17, 14:36
Sudhir Bhassi from KCO??????????????????
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15.1
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Like +5 Object -15 Guest2 09 Jun 17, 15:34  controversial
Abhimanyu Bhattacharya!??? the original rockstar
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15.1.1
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Like +3 Object -4 Merchant banker 10 Jun 17, 13:13
NN is senior to him. Rahul Guptan was the original rockstar.
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15.1.1.1
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Like +3 Object -0 So? 12 Jun 17, 12:14
So what if NN is senior to him - NN has not been practicing capital markets in India for a while and has no book to speak of..
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15.2
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Like +1 Object -0 Merchant banker 10 Jun 17, 13:12
Does not have a law degree. He is an MBA.
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15.2.2
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Like +0 Object -1 So? 12 Jun 17, 12:24
Has something better - contacts with all the merchant bankers and ability to pull in deals through his contacts..
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16
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Like +7 Object -17 Name or alias 09 Jun 17, 14:51  controversial
Madhurima?
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16.1
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Like +3 Object -22 more to come 09 Jun 17, 15:35
Agnik?
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16.1.1
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Like +2 Object -11 Vchandra 10 Jun 17, 04:00
Lionel is the best- has more listings than guptN
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16.1.2
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Like +0 Object -0 Merchant banker 10 Jun 17, 13:13
NN is senior to Agnik.
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16.1.2.1
Like +4 Object -0 So? 12 Jun 17, 15:33
Which era do you live in ? Get over this senior - junior mindset ! Being a good lawyer is dependent on many other factors than being a few years 'senior'...like for example having relevant India experience, knowing Indian laws, having a book etc..
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16.2
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Like +5 Object -17 samco 09 Jun 17, 15:35  controversial
Monal M and Prashant G??!!! .........
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16.3
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Like +0 Object -16 Alias or name 09 Jun 17, 15:44
kailash rajani?
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16.3.3
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Like +11 Object -10 Just saying..... 09 Jun 17, 16:01  controversial
Arjun Lall, Gaurav Gupte, Gokul Raajan...
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16.3.3.2
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Like +3 Object -8 Sripath 10 Jun 17, 03:58
Cam cap mkts is the best, rahil guptan did first ipo. Anhinav and others are next gen, future of cyriil's cap mkts team. One departure for personal reasons means nothing. Rishab has already taken over nikhil's matters
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16.3.3.2...
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Like +4 Object -2 ?!? 10 Jun 17, 14:11
Rishab
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16.4
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Like +3 Object -2 Rixa 10 Jun 17, 04:01
Richa?
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16.4.4
Like +7 Object -3 Guest1 11 Jun 17, 02:52
Nikhil might be a good lawyer, and that's a "might" if we consider the time he spent in ILC wilderness. It is just plain stupidity or ignorance if anyone considers him even close to Yash, leave aside Cyril. And as far as I know, Rajat does not practise capital markets law. Maybe "Good Lawyer" meant Sandip and mistyped in his/ her eagerness to generally pour vitriol on CAM (that seems to a bit of hobby with LI commentators). And then there is a long list of lawyers who are higher in stature and more experienced than Nikhil. To name a few, Sandip, Arjun Lall and Madhurima and not in terms of PQE, but practising Indian law, there's Varoon Chandra, Gaurav Gupte and Manan Lahoty
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16.4.5
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Like +2 Object -6 Richa Chaudhry 14 Jun 17, 12:30
I think Richa Chaudhry is the next cap marks queen! Watch this space...
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16.4.5.3
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Like +0 Object -0 Curious Cat 10 Jul 17, 14:17
Isn't she in Pune?
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